Kerr Mines Inc (KER)

[goldenpolarbear]

“... Kerr Mines Inc announced further drilling results from its resource expansion program at the Copperstone Mine located in Arizona, USA. Additional drilling results are pending and will be released as they become available.

Mr Giulio T Bonifacio, Chief Executive Officer, said “We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04."

2019 Resource Expansion Highlights:

Drill hole 18-21-06, an exploration step-out hole returned an interval of 16.8 meters at 40.0 g/t gold, including 3 meters of 98.3 g/t gold further indicating the zone is significantly of higher grade and thickness than initially anticipated with a total effective mining width of 17.9 meters

Drill hole 18-21 -04, an exploration step-out hole returned an interval of 10.7 meters at 17.5 g/t gold, including 6.1 meters of 29.5 g/t gold with a total effective mining width of 12 meters

Continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred category while extending mineralization along strike and dip

Drilling is being accomplished entirely from existing underground access and will affect an area of 500 meters of strike length and 200 meters of elevation, representing approximately 33 per cent of the current resource strike length. The program was designed to increase confidence in the mineral reserve, particularly the portion scheduled for the first three years of production in the recently-completed Pre-Feasibility Study

The objective of the underground resource expansion program is to increase mine life by adding new Inferred resources and converting new and existing Inferred resources into Measured and Indicated resources. Updating the mine plan with the new resources will be the final step towards extending mine life once all drilling results have been received

Resource Expansion underground drilling program of up to 10,000 meters is currently focused on the D and C zones of the Copperstone mine.

https://steelguru.com/mining/kerr-mines-announces-drill-results-at-copperstone-mine-in-arizona-us/539768

https://www.streetwisereports.com/article/2019/05/02/new-drill-results-expand-gold-resource-extend-life-of-arizona-mine.html

https://www.sprottmoney.com/